Casella Waste Systems Inc. (NASDAQ:CWST) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Casella Waste Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.22 in the quarter versus EPS of $-0.30 in the year-earlier quarter.
Revenue: Decreased 0.45% to $108.69 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Casella Waste Systems Inc. reported adjusted EPS loss of $0.22 per share. By that measure, the company beat the mean analyst estimate of $-0.23. It missed the average revenue estimate of $111 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…